"The BCA established an automatic process to reduce spending, partially entailing a sequester of budgetary resources, if Congress did not pass and the President did not sign, by January 15, 2012, legislation reducing the deficit by $1.2 trillion over the FY2012-FY2021 period. No such legislation was enacted by the deadline. Therefore, the automatic spending reduction process was triggered."
Secretary of Defense Leon Panetta and Chairman of the Joint Chiefs of Staff General Martin Dempsey held this press conference on January 10, 2013. They discussed Afghan President Karzai's visit, defense sequestration, and possible chemical weapons in Syria.
Micah Zenko says, "Like Dick Cheney 21 years ago, Secretary of Defense Leon Panetta has engaged in an exhaustive effort to avoid both sequestration and any further reductions in the Pentagon's budget. The distinction between Panetta and his predecessors, however, is in the tactics he has employed to protect his bureaucratic turf."
The U.S. defense budget has grown to inordinate levels, and the American public isn't happy about it. Scott Rasmussen sets out proposals on how to create a leaner military spending strategy that is more efficient and satisfies the desires of the voters.
The Congressional Budget Office prepared this report in July 2012, to analyze the long term impact of the 2013 Future Years Defense Program, the Department of Defense's budget projection of fiscal years 2013 to 2017, through 2030. This report considers the budget in light of the Budget Control Act, or sequestration.
Tough economic times are often met in Washington with calls for retrenchment. But for decades, write two former top Pentagon officials, long-term forward deployments of U.S. forces and robust alliances have guaranteed stability and uninterrupted trade, the very conditions the United States needs for economic prosperity. The Obama administration gets it.
Frank G. Klotz says the possibility of a total stalemate on the U.S. defense budget looms very large, but with American forces still fighting in Afghanistan, and Iran and North Korea remaining potential flashpoints, the consequences could be grave.
The winner of the 2012 U.S. presidential election will have to determine the scope of defense policy ambitions under strong pressure to restore domestic economic solvency, which will "overshadow" policy questions, says CFR's Richard K. Betts.
Frank Klotz argues that the closure of a military base is economically and emotionally difficult, but the U.S. military cannot afford to maintain facilities it no longer needs, especially in the midst of a budget crisis.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.